As we transition from fossil fuels to cleaner energy, India faces economic challenges, particularly in mineral-rich states. Jharkhand, for instance, could lose billions annually, affecting state revenues, livelihoods, and communities. Renewable energy's rise may exacerbate these impacts. Policy and financing interventions are crucial to mitigate adverse effects and ensure an equitable transition. Planning for reskilling, job creation, and targeted spending is imperative to navigate this transformative period. Future CPI research will delve deeper into financing needs and frameworks for a just ..read more

The Lab’s membership has skyrocketed nearly fourfold in 10 years, from 29 organizations at the inaugural Lab meeting to 110 global and regional members today. Over the years, the Lab has seen a steady rise in private sector participation. Private members now make up 55% of the total, compared to 40% in 2014. The post Global Innovation Lab for Climate Finance Surpasses 100-Member Organizations appeared first on CPI ..read more

MazaoHub was introduced to the Catalyst Fund, incubated by the Global Innovation Lab for Climate Finance, through CLIC’s Agrifood Investment Connector. The Connector is CLIC’s platform that supports climate-smart and nature-positive agribusinesses with investment facilitation and impact assessment. The post Supported by CLIC, MazaoHub raises $200,000 from Lab proponent Catalyst Fund appeared first on CPI ..read more

India's pursuit of a sustainable, low-carbon future amidst rapid population growth and economic expansion requires significant climate finance. To achieve ambitious targets, including 50% renewable energy by 2030 and net zero emissions by 2070, innovative financial solutions are imperative. The post Transforming India’s Climate Finance through Sector-Specific Financial Institutions appeared first on CPI ..read more

As various emerging economies are seeking to leapfrog coal and move to clean energy through Just Energy Transition Partnerships (JETPs), Viet Nam has passed an important first milestone by setting its Resource Mobilization Plan (RMP). CPI has outlined key takeaways from Viet Nam’s JETP and the RMP and identified some immediate actions to help them succeed. The post JETP Resource Mobilization Plan: How Viet Nam can turn ambition into action appeared first on CPI ..read more

In 2023, momentum continued to build around Indonesia’s transition towards a more sustainable and net zero economy. Here are key highlights from our climate finance tracking, sustainable finance, and just energy transition workstreams to empower Indonesia's path to net zero, as well as as a preview of what is in stock for 2024. The post Empowering Indonesia’s Path to Net Zero: Highlights from 2023 appeared first on CPI ..read more

While India has ambitious Nationally Determined Contributions (NDCs) and net-zero targets, it lacks a legal framework to achieve economy-wide net-zero targets. Despite policies like the National Action Plan for Climate Change, India lacks formal climate legislation. Recent sectoral laws promote renewable energy but lack a comprehensive focus on emission reduction. To address this, a net-zero bill has been introduced in the Indian parliament. A potential solution involves consolidating existing laws under a comprehensive Climate/Environment Act and redefining institutions to align with low-carb ..read more

Cities are not receiving the finance they need to adapt to the effects of climate change. Multilateral development banks, by leveraging their balance sheets and technical expertise, can be a cornerstone in attracting the financing needed for cities in low- and middle-income countries to realize their climate action plans.  The post Blog: Urban climate finance is a low-hanging fruit of MDB reform appeared first on CPI ..read more

As COP28 closes with a groundbreaking commitment to transition away from fossil fuels making headlines across the media landscape, the CCFLA team has taken time to reflect on the progress made during this year’s conference in driving our mission forward—to accelerate urban climate finance.   The post COP28 Recap: CCFLA’s Impactful Engagement in Advancing Urban Climate Finance appeared first on CPI ..read more

This blog analyses the cost of climate inaction based on findings from the Global Landscape of Climate Finance 2023. The post The Cost of Inaction appeared first on CPI ..read more